Press Esc to close
Tuesday 24 May 2016
News updated at 6:49 PM IST
Weather
Max: 34.1°C
Min : 22.7°C
In Bengaluru
Sunny day

Y V Reddy to head 14th Finance Commission

New Delhi, Jan 2, 2012, (PTI) :
File PTI Image

Former RBI Governor Y V Reddy will be the Chairman of 14th Finance Commission, Finance Minister P Chidambaram said today.

The Finance Commission has been asked to submit its report by October 31, 2014.

Finance Commission, a constitutional body, is set up every five years.

Besides other things, the Commission lays down principles governing the grants-in-aid to states and other local bodies for a five-year period beginning April 1, 2014.

Prior to joining RBI as its Governor in September 2003, Reddy was India's Executive Director on the Board of the International Monetary Fund.

The 13th Finance Commission was headed by former Finance Secretary Vijay Kelkar.


Go to Top

Photo Gallery
Tamil Nadu Governor K Rosaiah after the oath of secrecy to Chief Minister  J Jayalalithaa at the ...

Tamil Nadu Governor K Rosaiah after the oath of secrecy to Chief Minister J Jayalalithaa at the ...

Wailing relatives paying floral tributes to the three policemen who were shot dead by militants ....

Wailing relatives paying floral tributes to the three policemen who were shot dead by militants ....

School students performing band show during passing out parade at the Sheeri Training Centre in  ...

School students performing band show during passing out parade at the Sheeri Training Centre in ...

Village women carry earthen pots & plastic containers to collect drinking water on Hot summer day...

Village women carry earthen pots & plastic containers to collect drinking water on Hot summer day...

BJP workers busy putting party posters in the streets of Guwahati on Monday, on the eve of oath ....

BJP workers busy putting party posters in the streets of Guwahati on Monday, on the eve of oath ....

Members of Communist Party of India (Marxist) staged a protest against BJP-RSS for the attack on ...

Members of Communist Party of India (Marxist) staged a protest against BJP-RSS for the attack on ...

Cyclists pedal during the 14th stage of the Giro D'Italia, Tour of Italy cycling race...

Cyclists pedal during the 14th stage of the Giro D'Italia, Tour of Italy cycling race...

Bayern's Robert Lewandowski holds up the trophy after the German soccer cup...

Bayern's Robert Lewandowski holds up the trophy after the German soccer cup...

A man walks on a road flooded with rain water at Khurai Lai Wangma, Imphal East on Sunday...

A man walks on a road flooded with rain water at Khurai Lai Wangma, Imphal East on Sunday...

Bollywood actor Shilpa Shetty with husband Raj Kundra celebrate their son Viaan's birthday...

Bollywood actor Shilpa Shetty with husband Raj Kundra celebrate their son Viaan's birthday...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523